For a Particular Company Resource to Have Meaningful Competitive Power

question 68

Multiple Choice

For a particular company resource to have meaningful competitive power and perhaps qualify as a basis for competitive advantage,it should

• A)be competitively important,hard for competitors to copy or imitate,rare and something rivals lack,and not be easily trumped by the substitute resources/capabilities of rivals.
• B)be something that a company does internally rather than in collaborative arrangements with outsiders.
• C)be patentable.
• D)be rooted in the company's organizational capital,information capital,or human capital.
• E)have the potential for lowering the firm's unit costs.

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Definitions:

Noninterest-Bearing Note

A promissory note that does not accrue interest over its lifetime, meaning the borrower repays only the principal amount.

Current Interest Rates

Current interest rates are the rates at which interest is paid by borrowers for the use of money that they borrow from lenders.

Notes Receivable Dishonored

A note that was not paid by the maker at its due date, considered a defaulted payment.

Protest Fee

A fee charged for formally declaring a party's disagreement or refusal to accept a financial obligation or document, often relating to banking instruments like checks.